The interest on the benchmark treasury bills eased slightly while those for the other two tenors rose amid an apparent continued correction despite investors remaining confident on the Philippine economy.
The yield on the benchmark three-month treasury bills eased further by 4.3 basis points to an average 1.452 percent as rates fell across the board.
The yield on the benchmark 91-day treasury bill fell further by 31.5 basis points to an average of 1.495 percent as investors showed renewed interest in short-term securities.
The yield on the benchmark 91-day treasury bill rose by 17.9 basis points to an average of 1.947 percent as the government moved to temper the rise in interest rates.
The yield on the 91-day Treasury bill rose by 24.6 basis points to an average of 1.674 percent as the government allows the market to adjust to the prevailing “depressed” interest rates.
The yield on the 91-day treasury bill rose by 58.7 basis points to an average of 1.556 percent, as investors continued to show their preference for long-term government securities.
The yield on the 91-day Treasury bill went up Monday by 5.9 basis points to an average of 0.969 percent amid tepid demand for government securities maturing in less than a year.
